Bleacher Report's Jared Zwerling provides an updated look on teams that are interested in Waiters:

It's no secret that the Cleveland Cavaliers have been shopping second-year shooting guard Dion Waiters, and the latest update, according to two sources who spoke with Bleacher Report, is that the Chicago Bulls and Philadelphia 76ers have emerged as the top two suitors. And both are realistic destinations based on trade assets and financial complements.

According to a source close to Waiters, he "wants out" of Cleveland and "prefers to go to Philly because he thinks he'd be the best player on the team. That's his mindset."

---End of update---

According to Chris Broussard of ESPN, Cleveland has already spoken to several teams, including the Chicago Bulls, New York Knicks and Philadelphia 76ers:

Waiters was the No. 4 overall pick for the Cavs in the 2012 NBA draft, and while the team had high hopes for the Syracuse sixth man to be a sidekick for star point guard Kyrie Irving, he has not made any visible strides in his sophomore season.

In 2013-14, Waiters is averaging 13.0 points in 27.7 minutes per game, down from his rookie-year totals of 14.7 and 28.8, respectively.

Should the Cavs trade Dion Waiters?

Yes, but only for the right deal.Yes, get rid of him for anything!No, he still has the potential to be a great player.Submit Votevote to see results

Should the Cavs trade Dion Waiters?

Yes, but only for the right deal.

59.7%

Yes, get rid of him for anything!

11.5%

No, he still has the potential to be a great player.

28.8%

Total votes: 13,159

More troubling is the fact that he's been coming off the bench of late, with either C.J. Miles or Matthew Dellavedova getting the starting nod in the Cavs' past three games.

Being taken out of the starting five is just one of many reasons why Waiters is open to flying the coop and finding a new home this season, according to Broussard:

Rumors of Waiters/Kyrie fight R false. Instead Waiters & Tristan Thompson had intense argument but were separated b4 it became a fight

According to an earlier report from Broussard, the fight occurred during a players-only meeting that took place following a 29-point blowout loss to the Minnesota Timberwolves on Nov. 13. Waiters reportedly criticized Thompson in the meeting, sparking the heated confrontation.

The teams listed in Broussard's tweet would all be a decent fit for Waiters. The Bulls and 76ers in particular could use some help at the shooting-guard spot, a position where they both lack sufficient depth.

Wherever he lands, Waiters' time in Cleveland is likely running out. It's looking more like a question of when, not if, the young guard will be dealt.